HOSPITALITY PROPERTY FUND LIMITED - Appointment of CEO and acting CFO

Appointment of CEO and acting CFO

HOSPITALITY PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/014211/06)
Share code for A linked units: HPA
ISIN for A linked units: ZAE000076790
Share code of B linked units: HPB
ISIN for B linked units: ZAE000076808
(Approved as a REIT by the JSE)
(“Hospitality”)

APPOINTMENT OF CEO AND ACTING CFO

Hospitality takes pleasure in announcing the appointment of
Vincent Joyner as Chief Executive Officer (“CEO”) and a member
of the Board of Hospitality with effect from 15 September 2015.

Vincent has an extensive and highly successful career in the
hospitality industry spanning over 28 years. He spent almost 20
years of his career within the Accor hospitality group, with the
last six years of his tenure as Accor Group CEO, Southern
Africa. In 2009, Vincent formed an African hospitality
consulting and investment firm, Hospitality Investment Partners
Africa. At the same time, he established a not-for-profit
venture, the Zazida Institute of Entrepreneurship, an accredited
Private Higher Education Institution.

Vincent has worked all over Africa, the UK, USA, Switzerland and
France and holds a BA (Honours) from Galway-Mayo Institute of
Technology (Ireland) and a joint Masters in International
Hospitality Management from Cornell University (USA) and ESSEC
(France).

Gerald Nelson, the current Acting CEO of Hospitality, will
remain in an executive role for a period of time following
Vincent’s appointment, in order to facilitate the handover
process.

The Board has further appointed Riaan Erasmus as acting Chief
Financial Officer (previously Group Financial Manager), with
effect from 12 August 2015.

Johannesburg
15 September 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 15/09/2015 11:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.